Technical analysis by Michael-trades- about Symbol BTC: Sell recommendation (4/14/2025)

🟩 **Chart Summary: BTC/USD – 30-Minute Timeframe**This is a **short trade setup** on Bitcoin (BTC/USD), based on clear **price action and supply/resistance rejection**.---### 🟪 **Key Zones Identified:**- **Support Zone (Bottom Purple Box):** - Marked by multiple previous touches and rejections. - Price has reacted to this area several times (highlighted with orange circles), confirming its significance.- **Resistance Zone (Upper Purple Box):** - Strong resistance formed from earlier highs. - Price rejected multiple times in this region before failing to break higher—indicating seller strength.---### 📉 **Trade Setup Details:**- **Entry:** 84,630 (within the resistance zone).- **Stop Loss (SL):** 85,900 (above resistance—logical SL to avoid false breakouts).- **Target:** 76,100 (aligned with previous support and price reaction zone).- **Risk-Reward Ratio:** High (approx. 1:5 or more depending on precise levels).---### 🔁 **Price Structure Analysis:**- **L.S (Last Swing):** Indicates the last confirmed support level before the upward push.- **Price Action:** Strong bullish move into resistance, followed by consolidation and repeated failures to break higher.- **Break of Structure (BOS):** Not marked but implied—price failed to make a new high and formed a lower high, signaling potential reversal.---### 🎯 **Bias: Bearish**The trade is based on:- Rejection from a strong resistance zone.- Lack of bullish momentum to break above.- High potential for price to revisit the lower support zone.🔄 **Trade Status: BTCUSD Short Setup**As per the chart:- **Current Price:** $84,498 - **Entry:** $84,630 - **Status:** ✅ **Trade is active and slightly in profit** (~132 pips in the green).---### 🔍 **What’s Happening Now:**- Price is hovering just below the **entry level**.- It’s **consolidating near resistance**, showing **weak bullish momentum**—which is a good sign for shorts.- The **stop loss at 85,900** hasn’t been threatened yet.- Target remains firm at **76,100**, still in play.---### 🔔 **What to Watch For:**- If price **rejects again** from the resistance zone, it could accelerate downward.- A **clean break below 84,000** would confirm momentum in your favor.- A spike toward 85,900 would invalidate the setup—so watch for volume and reaction near the SL zone.